Allspring Global Investments Holdings LLC Has $231.95 Million Stake in Arista Networks, Inc. $ANET

Allspring Global Investments Holdings LLC lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 4.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,857,822 shares of the technology company’s stock after selling 90,783 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Arista Networks were worth $231,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Arista Networks by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock valued at $13,258,877,000 after purchasing an additional 1,188,799 shares in the last quarter. State Street Corp boosted its position in shares of Arista Networks by 1.4% during the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock worth $6,154,570,000 after purchasing an additional 628,146 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Arista Networks by 1.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock valued at $4,870,618,000 after buying an additional 380,724 shares during the period. Geode Capital Management LLC grew its stake in shares of Arista Networks by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock valued at $3,455,095,000 after buying an additional 477,625 shares during the period. Finally, Norges Bank bought a new stake in Arista Networks in the 4th quarter valued at about $1,558,563,000. 82.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ANET shares. Wolfe Research reiterated an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. Bank of America upped their target price on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a research report on Wednesday, May 6th. KeyCorp restated an “overweight” rating and set a $200.00 price target (up from $178.00) on shares of Arista Networks in a research note on Thursday, June 18th. Finally, Piper Sandler restated an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $188.95.

Arista Networks Stock Performance

Arista Networks stock opened at $168.12 on Friday. Arista Networks, Inc. has a fifty-two week low of $106.99 and a fifty-two week high of $189.82. The firm’s 50-day simple moving average is $161.22 and its 200 day simple moving average is $147.10. The stock has a market cap of $211.69 billion, a PE ratio of 57.57, a price-to-earnings-growth ratio of 2.65 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the sale, the insider directly owned 182,043,048 shares in the company, valued at approximately $29,612,942,618.16. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $171.42, for a total value of $2,971,222.86. Following the completion of the transaction, the insider owned 12,976 shares of the company’s stock, valued at $2,224,345.92. This trade represents a 57.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 3,092,983 shares of company stock valued at $519,161,650. Insiders own 2.70% of the company’s stock.

Arista Networks News Roundup

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Analysts and market commentary continue to position Arista as an AI infrastructure winner, citing strong demand for data-center networking, backlog strength, and the likelihood that AI spending will keep driving growth. UBS sees data center investments to drive demand but supply constraints persist
• Positive Sentiment: Arista was highlighted as a high-growth, wide-moat stock and one of the infrastructure names best positioned to address AI bottlenecks, reinforcing confidence in its long-term competitive position. Beyond the Foundry: 5 Infrastructure Stocks Tackling the AI Bottlenecks
• Positive Sentiment: Technical commentary says ANET has been showing strong momentum and setting new highs, which can attract trend-following buyers. Arista Networks stock looks technically strong as it sets new all-time highs
• Positive Sentiment: Arista was upgraded by Erste Group Bank to a buy rating, adding to bullish analyst sentiment. Arista Networks upgraded by Erste Group Bank to Buy
• Neutral Sentiment: CEO Jayshree Ullal sold shares under a pre-arranged 10b5-1 plan. The sale was disclosed normally and does not necessarily point to a change in fundamentals, but it can temper sentiment. SEC filing
• Negative Sentiment: A recent note said ANET underperformed the broader market in the prior session, underscoring that the stock can still see short-term pullbacks despite strong long-term AI demand. Arista Networks suffers a larger drop than the general market

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.